ALEC Holdings PJSC (DFM:ALEC)

ALEC Holdings PJSC Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	11,626	8,101	6,275	3,599
Revenue Growth (YoY)	85.28%	29.10%	74.36%	-
Cost of Revenue	10,482	7,265	5,642	3,208
Gross Profit	1,144	836.19	632.99	390.5
Selling, General & Admin	417.53	348.68	305.54	187.29
Operating Expenses	417.53	348.68	305.54	187.29
Operating Income	726.84	487.51	327.46	203.21
Interest Expense	-8.51	-7.58	-3.52	-3.47
Earnings From Equity Investments	16.62	-0.03	-0.18	-2.54
Other Non Operating Income (Expenses)	-33.11	-72.62	-67.76	-9.48
EBT Excluding Unusual Items	706.48	407.29	256	187.73
Gain (Loss) on Sale of Investments	-45.81	-20.87	-12.58	1.25
Pretax Income	660.66	386.42	243.42	188.97
Income Tax Expense	66.23	23.51	5.09	3.23
Earnings From Continuing Operations	594.44	362.91	238.33	185.74
Minority Interest in Earnings	-1.36	-0.49	-2.08	-1.2
Net Income	593.08	362.42	236.25	184.54
Net Income to Common	593.08	362.42	236.25	184.54
Net Income Growth	151.04%	53.41%	28.02%	-
Shares Outstanding (Basic)	5,000	5,000	5,000	5,000
Shares Outstanding (Diluted)	5,000	5,000	5,000	5,000
EPS (Basic)	0.12	0.07	0.05	0.04
EPS (Diluted)	0.12	0.07	0.05	0.04
EPS Growth	151.04%	53.41%	28.02%	-
Free Cash Flow	503.3	730.34	-5.3	227.73
Free Cash Flow Per Share	0.10	0.15	-0.00	0.05
Dividend Per Share	0.053	0.053	0.485	0.280
Dividend Growth	-89.07%	-89.07%	73.25%	-
Gross Margin	9.84%	10.32%	10.09%	10.85%
Operating Margin	6.25%	6.02%	5.22%	5.65%
Profit Margin	5.10%	4.47%	3.77%	5.13%
Free Cash Flow Margin	4.33%	9.01%	-0.08%	6.33%
EBITDA	906.92	620.06	422.29	247.53
EBITDA Margin	7.80%	7.65%	6.73%	6.88%
D&A For EBITDA	180.08	132.55	94.83	44.32
EBIT	726.84	487.51	327.46	203.21
EBIT Margin	6.25%	6.02%	5.22%	5.65%
Effective Tax Rate	10.02%	6.08%	2.09%	1.71%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.